They are afraid of the decentralization that can give people an idea to pursue it and if that happens then the government will not have any control of the cryptocurrency and if the things or technology is more on decentralization then it is a loss for the government because it means that they will have a lesser amount of power compare than before.
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Bitcoin is a good investment and it is one of the most recommended type of investment because if you are going to have a long term basis type of investment then why not just jump into bitcoin and hold your cryptocurrencies and just leave your money there for a few years and hopefully you can turn those a few thousand of dollars into a million dollars.
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It must be regulated in order for the countries to trust bitcoin and make their doubts disappear because bitcoin is a very decentralized cryptocurrency and the people are afraid of using or investing to it because they think that it is not safe and it is just a scam because the government doesn't recognize it as a good investment and they didn't regulate it.
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They really control the market, the panic selling scenario is just covering them up so the people think that they are not manipulating the market but the reality is, before the panic selling happens, they are the one who is engaging and trying to manipulate the market depending on their preferences and that is when the legit investors reacts lately to what they did by panic selling.
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It will be good for the environment if they will be having bitcoin because bitcoin is not just all about the money or profit that you can make with bitcoin because you can also take advantage of the technology called blockchain where you can implement it to have a faster and more AI based system that can help to make a better version of our environment.
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The banks will become useless in the future and the banks will not exist anymore because the cryptocurrency will take this over and they will become the main bank and their technology is what the other institution will be using because they are secured and they are more improved and advanced compare to their old technology.
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It is really a good time to store some bitcoins because we can get as much as we want because the price is now cheaper and more affordable than before and that means that the chance of making profit is also high because when the market goes up again then it is automatically providing profit for us because we bought from the cheap price or bottom and we are going to sell it high.
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Bitcoin is on the news right now because they keep on talking about the dump and how useless is bitcoin based on their description because they don't really expect that this will happen and bitcoin will have a huge dump. They keep on telling that bitcoin is dead and they should not invest in bitcoin anymore and just leave it.
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That's really an interesting news that would trigger a good run for bitcoin and the rest of the crypto. I do hope that people who almost lose their interest in crypto will regain their trust and interest the moment the bull run starts.
This type of scenario for the market of bitcoin will mold those people into a better investor and trader because this experience will teach them a lot of things in the cryptocurrency and also to investing and trading and i think that they did not lose their interest or trust because they know that this is the risk of cryptocurrency.
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Don't sell everything just for buying something because you will regret it at the end of the day and the best thing to do right now is to just sacrifice something for getting into something that is worth it like selling some of your items that you are not using anymore and use that cash to buy some bitcoin or other cryptocurrency that is worth it for investing.
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I don't think that bitcoin and cryptocurrency will disappear from the market because it is not going to happen since the cryptocurrency market already established a strong market and i think that instead of disappearing, it will grow even bigger and stronger over the time and that is the time that we will see a lot of improvement and massive adaption to crypto.
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It can be and cannot be dangerous to the newbies to bitcoin because it depends on them if they are going to just buy bitcoin without even knowing the sense and the things that they will face if they will buy bitcoin. If the newbies are good and they are humble enough to study and seek for more information first then it will not be dangerous to them.
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With more than 50% dominance bitcoin showing its real power , caused huge dip to all top alts . i can see more dominance if btc fall below all time low of 2018 . at 55-60% dominance of BTC you must buy best alts and they will provide you x3 to x10 returns once btc will back to 35-40% dominance .
That is right, that is the best thing to do when bitcoin is on the huge dominance in the market, we should be buying altcoins in that moment because it means that the price of the altcoins are very low and buying them is a must because it is a good opportunity to double or even get a higher multiplier for our investment or capital.
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within 8 years bitcoin is already in this position to be number 1 i think it still needs decades it can only happen if mass adoption occurs and mass adoption takes time
We are not sure if bitcoin will still be popular and being invested after a few decades because those are a lot of years and things will happen a lot in those time and i think that bitcoin might be just a part of the history of cryptocurrency and there will be a new cryptocurrency that is in the top 1 and one of the largest currency.
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maybe the graph that you provide does show that the price of bitcoin is always up and down, but I hope next year the price of bitcoin will increase.
The higher the pump, the deeper the dump and the deeper the dump, the higher the pump that is the pattern of bitcoin so don't worry if the price of bitcoin is in the deep dump because in the next few months, we will be seeing a great pump in bitcoin that will give you a lot of profits if you bought bitcoin when it is in the deep dump.
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That is a huge mistake for yourself if you bought bitcoin last year at the 20,000 USD price because you are definitely in a very deep loss now and you need to wait for a longer time before you can say that you are breakeven. Buying bitcoin should not be based on the hype and we should have basis in buying bitcoin like doing technical analysis which is more effective than other method.
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The fees already came down when the lightning network is implemented in bitcoin and i can really see it based on the fees on exchanges when i used to withdraw bitcoin when there is no segwit yet but when there is a segwit the fees came down to a lower rate and the speed of confirmation of transactions in bitcoin is a little bit faster than before.
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Cryptocurrency is doing great because it is giving a chance to the people to get into cryptocurrency world at a very low price and that is why a lot of smart people are now getting into cryptocurrency because they know based on the candlestick chart of bitcoin that it will go up pretty soon and it will beat the latest all time high.
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The current cryptocurrency market situation is a very nervous situation especially if you are just new to this kind of market where the things can easily go up and down but if you already spend at least 1-2 years here then you know that this is just normal and everything will become alright at the end of the day and those holders will still win this game.
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Cryptocurrency is dangerous because of its volatility and if you are an investor and you do not have the basic knowledge that you need here in the cryptocurrency then that is the perfect thing to make yourself suffer from a lot of losses so if i were you i will study first so i can say that bitcoin or the cryptocurrency in general is not that dangerous.
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